Jonathan Gould Confirmed as Comptroller of the Currency, Crypto-Friendly Shift Expected

Jonathan Gould has been confirmed as the Comptroller of the Currency by a U.S. Senate vote of 50-45 on July 10, 2025. This appointment is significant as it could potentially reshape U.S. crypto regulations, given Gould's extensive background in both the banking and crypto industries. His confirmation suggests a likely shift towards more crypto-friendly regulations, which could have far-reaching implications for the digital asset market.

Gould's professional journey includes serving as Senior Deputy Comptroller and Chief Legal Officer at Bitfury Group Ltd., as well as his tenure at Jones Day. His nomination received endorsements from major financial groups, further solidifying his credibility for the role. The crypto-friendly background of Gould suggests possible expanded policies favorable to digital assets, which could positively affect markets, especially for Bitcoin (BTC) and Ethereum (ETH). Business groups anticipate a rational regulatory framework that fosters crypto innovation, which could lead to new industry initiatives and frameworks.

Institutional players and trade groups have expressed alignment with Gould’s confirmation, anticipating initiatives favoring regulated crypto assets. Although no official OCC stance was released on specific grants, optimism remains for fintech and crypto integration. Historian Lindsey Johnson, President/CEO, Consumer Bankers Association remarked, "We congratulate Jonathan Gould on his confirmation to serve as Comptroller of the Currency. Mr. Gould’s experience across both the public and private sectors gives him a well-rounded perspective and deep credibility at a time when a pragmatic approach to bank regulation is essential."

Historically, the OCC under similar leadership enabled banks to custody cryptocurrencies, prompting growth in U.S.-regulated crypto banking. This trend could replicate under Gould's leadership, impacting BTC, ETH, and USDC, and potentially enhancing total value locked and liquidity in the crypto market. With Gould's appointment, new regulatory communications are expected to shape financial and technological advancements in the crypto sector. Historical trends suggest increased U.S. bank engagement in digital assets could benefit related markets.

Gould's appointment comes at a critical juncture for the OCC, which is responsible for chartering and supervising banks to ensure a safe and sound banking system. His extensive background and firsthand experience at the OCC are expected to enable him to hit the ground running as Comptroller. Senate Banking Committee Republicans expressed their support for Gould, stating that he will continue the important work started by Acting Comptroller Hood to return the OCC to its true purpose of chartering and supervising banks to ensure a safe and sound banking system.

The American Bankers Association also welcomed Gould's confirmation, looking forward to collaborating with him on various regulatory issues. They emphasized the importance of advancing a rational regulatory framework that promotes a resilient and healthy national banking system and upholding the OCC’s commitment to national bank preemption. This support from key stakeholders underscores the significance of Gould's appointment and the expectations placed on him to lead the OCC effectively.

Gould's confirmation was along party lines, with a 50-45 vote in his favor. This vote reflects the political divide surrounding his appointment, but it also highlights the bipartisan recognition of his qualifications and experience. As the new Comptroller, Gould will face several challenges, including addressing concerns with some risks and ensuring the OCC's regulatory framework remains robust and adaptable to the evolving financial landscape. His leadership will be crucial in maintaining the stability and integrity of the national banking system.